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NSE Approves Delisting of Seven-Up after Takeover Bid

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The Nigerian Stock Exchange (NSE) has approved the voluntary delisting of Seven-Up Bottling Co after it received a takeover bid from its majority shareholder aimed at restructuring the soft drinks bottler.

The stock exchange, which suspended trading in the company’s shares in January, said in a notice that it approved the delisting last week.

In January, Seven-Up’s minority shareholders backed a $70 million buyout bid by majority investor Affelka, the investment firm of the Lebanese El-Khalil family.

The bottler received the takeover proposal last August after posting losses, in a deal aimed at restructuring the 7-Up, Pepsi and Mirinda distributor.

Seven-Up Bottling last traded at 101.97 naira per share, valuing the company at 65.32 billion naira ($214 million).

The soft drinks bottling industry has been hit by slow demand arising from weak economic growth in Nigeria, Africa’s most populous nation, which recently emerged from a recession and a currency crisis that stifled raw material imports.

The Seven-Up Bottling takeover comes six years after its main rival Coca-Cola delisted its local bottling unit in a $136 million buyout deal to expand the business and fend off competition.

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Nigerian Passport to Carry 10-year Validity as from December –NIS

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Mr. Mohammed Babandede, comptroller-general, Nigeria Immigration Service (NIS) has said that the issuance of Nigerian passport with 10-year validity will commence in December 2018.

Babandede disclosed this when he visited Governor Abiola Ajimobi of Oyo State on Monday in Ibadan.

The immigration boss and some senior officers were in Ibadan for the first International Conference on Border In-Transition at the University of Ibadan.

He explained that the new passport would have features that could stand the test of time, adding that it would run concurrently with the old ones.

“We thank President Muhammadu Buhari for approving the new passport with 10-year validity.

“We have also repositioned and improved on our services as directed by the President,” he said.

Babandede said NIS had also improved accessibility to visa through the introduction of Visa-on-Arrival for immigrants whose country was without an embassy.

“We have initiated the centralization of Temporary Work Permit for immigrants who are in the country for a temporary assignment as well as made it easy for women to do change of name across the states.

“We have also introduced forward-front-border patrol to curtail activities of smugglers and criminals within the border areas.

“We will continue to ensure adequate security of the border and country at large,” he said.

He said that the president had directed that NIS officers should patronize the bushes unlike the street patrol system which operated before his administration.

In his response, Ajimobi charged NIS to ensure regular monitoring of the nation’s borders for the sustenance of peace in the country.

Ajimobi, who was represented by his deputy, Chief Moses Adeyemo, admonished the NIS boss to initiate policies towards checking illegal immigrants into the country.

He urged them to improve on border policing and ensure recruitment of credible people into the service.

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Star Lager Thrills Football Fans As Nigeria Dominates Libya in African Cup of Nations Qualifiers

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Star Fan Park Uyo

Nigeria’s premium beer brand, Star Lager, thrilled fans with an unforgettable football and music spectacle at the Star Fan Park in Uyo, Akwa Ibom State on October 13th, 2018.

Thousands of excited Super Eagles fans at the Godswill Akpabio Stadium watched with excitement as the Super Eagles of Nigeria battled Libya in the first leg of their African Nations Cup qualifiers dominating with a score of 4-0 victory over Libya.

The North Africans were silenced by Odion Ighalo’s hat-trick which was followed by Samuel Kalu’s goal that concluded the win for the 2013 African champions in the closing stages of the encounter.

The event saw the unification of the brand’s biggest activation platforms, music and football with the DJ of the night, as football fans experienced the premium viewing of the match while enjoying Star Lager and other side attractions to cap off the remarkable viewing experience.

To add to the Fan Park experience, Star Lager fans participated in exciting Star-themed games and a raffle draw, with the winners awarded instant prizes,while Mc LafUp entertained the audience with witty jokes and football commentary.

Speaking to the media, Senior Brand Manager, Star Lager, Oludare Olateju declared,

“Being a proudly Nigerian brand, Star is always happy to support Nigerian football at all stages.

“The turnout of the fans in Uyo to support our beloved Super Eagles is just remarkable and I wish to express my gratitude to the fans of both Star Lager and the Nigerian national team.

As official beer of the Super Eagles, Star Lager will continue its support for the national football team and football fans.

The iconic Nigerian brand and product of Nigerian Breweries Plc, which is a Heineken International Company, has enjoyed decades of success since its launch as the first indigenous Nigerian beer brand in 1949.

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Heineken Set to Sponsor Fourth Edition Of Lagos Fashion Week

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Heineken has been announced as headline sponsor for the 2018 edition of the Lagos Fashion Week.
The announcement was made at a press cocktail held on October 11th, 2018 in Lagos.

According to Senior Brand Manager Heineken, Obabiyi Fagade, who represented Emmanuel Oriakhi, Marketing Director, Nigerian Breweries Plc at the press cocktail ahead of this year’s Heineken Lagos Fashion Week.

“Heineken is the most international premium beer in the world, with its presence in 192 countries around the world.

“This internationality is reflected in all we do, from sponsoring the most prestigious club football competition in the world – The UEFA Champions League, to Formula 1, music, rugby and of course here in Nigeria, fashion.

“For 3 years now, Heineken has thrown its weight behind the Lagos Fashion Week as title sponsor.

“This is because as a brand, Heineken is keenly interested in the development of the Nigerian Fashion Industry – first because the brand embraces and celebrates the world’s diversity and second because the fashion industry is a typical example of an industry that constantly innovates in order to rise to the changing consumer demands.”

According to Obabiyi, following this year’s theme of ‘AFRICA: Shaping Fashion’s Future’, Heineken hopes to inspire African fashion excellence by supporting a new generation of trendsetters and give the needed spotlight to the key players shaping the future of the industry.

 

The 4-day Fashion a platform that drives the Nigerian fashion industry by bringing together makers, buyers and the media to view and experience the best collection from designers in the fashion capital of Africa — Lagos, Nigeria.

As part of this year’s Lagos Fashion Week activities, Heineken is providing unique entertainment experiences for attendees, including remarkable performances by a classical pianist, a ballerina and more to entertain guests.

The Heineken Lagos Fashion Week, regarded as the most prestigious fashion event in this part of the world, was founded by Style House Files.

The platform provides initiatives that support, strengthen and develop the fashion industry.

 

The event features Runway Shows, Fashion Business Series, Fashion Focus Talks, and the highlight of the week; Heineken Live Your Music (HLYM) after party.

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